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Contract win

27 Jun 2017 07:00

RNS Number : 2104J
EU Supply PLC
27 June 2017
 

27 June 2017

EU Supply plc

("EU Supply", the "Company" or the "Group")

 

Contract win

 

EU Supply (LSE AIM: EUSP), the e-procurement software provider, is pleased to announce that it has received its first contract pursuant to the new framework agreement entered into with an existing customer (the "Customer") for additional services to its CTMTM platform announced by the Company on 16 June 2017 (the "Agreement"). 

 

The contract entered into with the Customer under the Agreement comprises certain customer-paid enhancements, which are expected to generate revenues of approximately €400k during the remainder of this year.

 

As set out in the Company's announcement of 16 June 2017, discussions are still ongoing with the Customer on specific call-off orders for additional services to be delivered in 2017 and 2018.

 

 

FURTHER ENQUIRIES

EU Supply PLC

Tel: 020 7127 4545

Thomas Beergrehn, CEO

Mattias Ström, CFO

Stockdale Securities

Tel: 020 7601 6100

Tom Griffiths, David Coaten

 

A copy of this announcement is available at www.eu-supply.com.

 

Notes to Editors

EU Supply is the UK holding company of the EU Supply Group, a Sweden-based e-commerce business, which has an established, market-leading, multilingual e-procurement platform for esourcing, e-tendering and contract management, tailored for the highly regulated European public sector market.

Since 2006, the Group has invested heavily in employing specialist programmers to add functionality, legal compliance as required and security features to its Complete Tender Management™ ("CTM™") platform to ensure that the Group is ideally placed to secure new contracts with EU Member States and their Contracting Authorities. The platform is available in 16 different languages.

The Directors believe that the Group's CTM™ platform is one of the easiest to use and most functionally advanced solutions available in the market. The CTM™ platform is used by over 7,000 European public sector bodies in 9 EU/EEC Member States and has National Procurement System status in four Member States (the UK, Ireland, Norway and Lithuania).

The Company's shares were admitted to trading on AIM in November 2013. In August and September 2015, the Company raised a total of £2.061m (before expenses) through a placing of new shares and the issue of first and second tranches of Convertible Loan Notes to institutional and other investors.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTQQLFLDQFLBBD
Date   Source Headline
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24th May 20198:29 amRNSForm 8.3 - Mark Bradshaw (Replacement)
23rd May 20192:28 pmRNSForm 8.3 - Jonas Ljungström
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22nd May 20193:49 pmRNSForm 8.3 - Adrian Friend
22nd May 201911:39 amRNSForm 8.3 - EU Supply plc
22nd May 20199:31 amRNSForm 8.3 - Monica Garibaldi
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21st May 201912:34 pmRNSForm 8.3 - Christopher Woodgate
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20th May 201910:49 amRNSForm 8.3 - Christopher Woodgate
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16th May 20193:59 pmRNSForm 8.3- Rt Hon Shane Hugh Maryon, Viscount Gough
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16th May 20193:51 pmRNSForm 8.3 - Paul Leaver
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